New Age Alpha Advisors LLC Sells 192,381 Shares of Element Solutions Inc. $ESI

New Age Alpha Advisors LLC reduced its position in Element Solutions Inc. (NYSE:ESI) by 97.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,656 shares of the company’s stock after selling 192,381 shares during the period. New Age Alpha Advisors LLC’s holdings in Element Solutions were worth $141,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. boosted its holdings in shares of Element Solutions by 1,302.8% in the 4th quarter. Hantz Financial Services Inc. now owns 9,385 shares of the company’s stock valued at $235,000 after buying an additional 8,716 shares in the last quarter. Beck Bode LLC bought a new stake in shares of Element Solutions in the 4th quarter valued at about $14,973,000. Coldstream Capital Management Inc. boosted its holdings in shares of Element Solutions by 13.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 9,808 shares of the company’s stock valued at $245,000 after buying an additional 1,188 shares in the last quarter. MQS Management LLC bought a new stake in shares of Element Solutions in the 4th quarter valued at about $494,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of Element Solutions by 5.2% in the 4th quarter. Global Retirement Partners LLC now owns 13,067 shares of the company’s stock valued at $327,000 after buying an additional 645 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Stock Up 1.2%

ESI stock opened at $42.40 on Friday. The firm has a 50 day moving average of $38.72 and a 200 day moving average of $32.28. The stock has a market capitalization of $10.33 billion, a PE ratio of 68.39, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. The company has a quick ratio of 1.91, a current ratio of 2.68 and a debt-to-equity ratio of 0.75. Element Solutions Inc. has a 52 week low of $20.80 and a 52 week high of $45.51.

Element Solutions (NYSE:ESI) last released its earnings results on Tuesday, April 28th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $840.00 million during the quarter, compared to analysts’ expectations of $710.51 million. Element Solutions had a net margin of 5.32% and a return on equity of 14.19%. Element Solutions’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same period last year, the business earned $0.34 EPS. Sell-side analysts forecast that Element Solutions Inc. will post 1.78 earnings per share for the current year.

Element Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, June 1st. Element Solutions’s payout ratio is presently 51.61%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ESI. Freedom Capital upgraded shares of Element Solutions to a “strong-buy” rating in a report on Friday, March 27th. Wall Street Zen upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 20th. UBS Group lifted their target price on shares of Element Solutions to $52.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Element Solutions in a research note on Tuesday, May 19th. Finally, KeyCorp lifted their target price on shares of Element Solutions from $34.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $39.57.

Element Solutions Company Profile

Element Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company’s solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.

In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.